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Bottom line leaps 91% at LMW in Q1FY15
09
Aug '14
The biggest textile machinery manufacturer in India – Lakshmi Machine Works Ltd (LMW) posted a massive 91% year-on-year bottom line leap in the first fiscal quarter ending June 30, 2104 (Q1FY15).

In the same fiscal quarter, diluted EPS also nearly doubled from a year earlier.

However, on sequential quarter basis, net profits fell 9.57% in Q1FY15, when compared with its previous quarter ending March 31, 2014, LMW mentioned in a statement filed with BSE.

In Q1FY15, LMW saw revenues surging 37% to Rs 571.51 crore from Rs 416.84 crore in the corresponding quarter of previous fiscal year.

However, on a sequential quarter basis, Q1FY15 sales slipped 9.86% to Rs 634.08 crore posted in the previous quarter ending March 31, 2014.

Net income skyrocketed 91% in Q1FY15 to Rs 48.56 crore compared to Rs 25.37 crore, from a year earlier.

But, when compared quarter on quarter, net profit dipped 9.57% from Rs 53.70 crore clocked in its previous quarter ending March 31, 2014.

Diluted EPS also nearly doubled when it surged to Rs 43.11 in Q1FY15 from Rs 22.52 in Q1FY14.

Fibre2fashion News Desk - India

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